My previous lawyer has given a fee estimate £1700 for freehold conveyancing in Canonbury. I’m selling a purpose built property for £225,000. Is this expensive? Is it above what I should be paying for conveyancing in Canonbury?
The estimate does seem marginally steep. Where you are happy to spend time comparing fee on a like for like basis you may be able to shave off some of the cost by perhaps a hundred pounds. That being said, you couldlive to regret opting for an an untested solicitor. If is important to enquire the conveyancer can represent your lender. Do use our comparison tool to get a quote a Canonbury conveyancing practice on the lender’s approved list of lawyers which can often include conveyancing solicitors in Canonbury.
Can you recommend a Coventry Building Society allowed Canonbury conveyancing practice who can have us moved in within 28 days? Would it be better to use a local Canonbury practice or an online comparison site?
We can recommend some very good Canonbury conveyancing firms. You can also walk up the high street in Canonbury. Go in to some well established law practices and ask to see a conveyancing solicitor for a quote. Explain your expectations together with your reasons and get an assurance on speed. Select the one that genuine.
What does my ID and proof of funds have anything to do with my conveyancing in Canonbury? Why is this being asked of me?
Canonbury conveyancing solicitors as well as nationwide property lawyers accross the UK have a duty under Anti-terror and anti-money-laundering rules to check the ID of any client with a view to ensure that clients are who they say they are.
Conveyancing clients are required to provide two forms of certified identification; proof of ID (typically a Passport or Driving Licence) and evidence of address (typically a Bank Statement less than 3 months old).
Proof of the origin of funds is also necessary under the money laundering regulations as conveyancers have a duty to check that the monies you are using to buy a property (whether it be the deposit for exchange or the full purchase price where you are buying without a mortgage) has come from a reputable source (such as employment savings) as opposed to the product of criminal activity.
My conveyancer has informed me that lack of building regulations insurance is necessary on my purchase. What is the level of cover for Canonbury conveyancing?
The appropriate level of lack of building regulations indemnity insurance should be dictated by who who your lender is. It would differ for example between Accord Mortgages Ltd and Bank of Scotland. Conveyancing lawyers as opposed to borrowers take out such insurances.
We are getting the release of further monies on our home loan from Aldermore as we want to conduct alterations to our home in Canonbury. Do we need to appoint a local Canonbury solicitor on the Aldermore conveyancing panel to handle the legals?
Aldermore do not ordinarily instruct a member of their conveyancing panel to handle such a matter. If they do require any legal work then you would need to ensure that such a lawyer was on the Aldermore list.
I recently had an offer agreed on an apartment in Canonbury. My financial adviser pressured me to appoint their conveyancer. I paid an advanced payment of £150. Soon after, the conveyancing practitioner called me sheepishly admitting that they were not on the UBS conveyancing panel. Am I right in thinking that I should be due a refund?
You should be able to recover this from the law firm if they were not on the UBS panel. They should have asked at the outset which lender you were obtaining a mortgage with. An important lesson to readers of this site is to check that the lawyers are on the appropriate lender panel.
I decided to have a survey completed on a property in Canonbury in advance of appointing conveyancers. I have been told that there is a flying freehold overhang to the house. The surveyor advised that some mortgage companies may refuse to give a loan on a flying freehold home.
It depends who your proposed lender is. Lloyds has different instructions for example to Birmingham Midshires. Should you wish to telephone us we can look into this further via the relevant mortgage company. If you lender is happy to lend one our lawyers can assist as they are accustomed to dealing with flying freeholds in Canonbury. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Canonbury to see if the conveyancing will be more expensive.
I am using a search engine for the phrase cheap conveyancing in Canonbury it shows results of many conveyancerslocally. With so much choice what is the best way to find the right conveyancer for the sale of my house?
The best way of choosing the right conveyancer is through a trusted testimonial, so ask friends and family who have purchased a property in Canonbury or the respected estate agent or mortgage broker. Charges for conveyancing in Canonbury differ, so it's a good idea to secure at least three costs illustrations from different solicitors. Dont forget to clarify that the fees are fixed.